Teranga Gold Corporation
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Endeavour Mining to buy Teranga Gold, creating top 10 gold miner
Canada’s Endeavour Mining (TSX: EDV), already West Africa’s top gold producer, has agreed to buy Teranga Gold (TSX: TGZ) in an all-share deal worth $2.44 billion (US$1.86 billion), which would create a top 10 gold producer. The Toronto-based miner is…
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MINING PEOPLE: Filo Mining, Gold X, Great Bear, Great Thunder, Mag Silver, Metso Outotec
Management moves announced this week include: Alister Hume is now the business development manager for Altus Strategies, a mining royalty company. Maurizio Napoli has retired from his roles as interim president and VP of exploration with Crystal Lake Mining. Cole…
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GOLD: Teranga discovers new zone at Golden Hill
BURKINA FASO – The latest exploration results from Teranga Gold’s Golden Hill project indicate a new discovery at the Ma Jonction prospect and have returned additional high-grade, near-surface gold intercepts. Drill highlights from Ma Jonction, located between the previously defined…
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Teranga buys Barrick’s Massawa project in Senegal
Barrick Gold is selling its 90% stake in the Massawa gold project in Senegal to Teranga Gold for US$300 million in cash, US$80 million worth of shares, and contingent payments linked to the gold price of up to US$50 million. The Massawa…
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GOLD: Teranga’s Wahgnion gold mine starts ahead of schedule
BURKINA FASO – Teranga Gold’s Wahgnion open pit gold mine in Burkina Faso started processing ore in August, two months ahead of schedule, and is expected to produce 30,000 to 40,000 oz. of gold in 2019. Wahgnion has an estimated…
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Teranga completes feasibility study on Banfora
Teranga Gold (TSX: TGZ) has produced more than 1.2 million ounces of gold from its Sabodala mine in Senegal since 2009 and expects its flagship operation will produce another 1 million ounces of the metal over the next five years. “If…
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Teranga to build Banfora gold project in Burkina Faso
Teranga Gold (TSX: TGZ; ASX: TGZ) aims to build its Banfora project in Burkina Faso – which would become its second West African gold mine – with construction expected to start later this year. Teranga currently operates its flagship Sabodala gold…
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AWARD: Teranga named PDAC environmental and social responsibility winner
TORONTO – Teranga Gold Corp. has been notified that it is the winner of the 2017 Environmental and Social Responsibility Award from the Prospectors & Developers Association of Canada. The award will be made at the gala during next year’s…
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Teranga tables friendly US$63M bid for Gryphon Minerals
VANCOUVER — Teranga Gold (TSX: TGZ; ASX: TGZ) has been aiming to expand its production profile in West Africa, and it found an opportunity in Australia-based Gryphon Minerals (ASX: GRY) and the fully permitted Banfora gold project in southwestern Burkina Faso. On June 19, the companies…
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GOLD: Teranga wins UN sustainability award
SENEGAL – Teranga Gold Corp. of Toronto has been named a Canadian Sustainable Development Goal award winner through public voting by the United Nations Global Compact Network Canada. The award recognizes the company’s efforts in advancing the United Nations 17…
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MINING PEOPLE: Comstock Metals, Kaizen Discovery, Rockland Minerals, and Teranga Gold
Dr. David A. Terry has joined Vancouver’s Comstock Metals as president, CEO and director. He holds a BSc and PhD in geology from Western University in Ontario. Kaizen Discovery of Vancouver announced three additions to its executive team: Charlie Forster…
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Top 40: Not Much has Changed
This is the time of year we at CMJ pause to examine how Canada’s mining companies performed during the previous year. We start by poring through year-end 2013 results from twice as many companies as will make the list in an effort not to…
